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Quick answer:
McMaster says bank bill payments can take 3 to 5 business days to reach your student account. Choose the payee McMaster University; McMaster - Corporate is a separate payee for corporate customer accounts that uses an 8-digit customer number. The math on this page uses $515/month as an example tuition; your own amount will differ, and the cash back scales with it.
Format: 9-digit McMaster student number, entered as the account number. Use the 9-digit student number McMaster assigned you; the Registrar's payment page asks you to double-check it before confirming the payee.
Verified against registrar.mcmaster.ca, October 2026.
Yes, and it's the whole point. Most billers don't reward you for how you pay. Through Neobanc, your card earns its normal rewards and Neobanc adds 1% cash back on top. On a $515/month McMaster University tuition, that's roughly $185 back per year between a 2% cash-back card and Neobanc, for the exact same tuition.
On a $515/month tuition, a 2% cash-back card returns about $10.30/month, and Neobanc adds $5.15 on top, roughly $185 per year for switching how you pay, not what you pay.
Change how you pay before what you pay. Paying by bank transfer or pre-authorized debit earns nothing; the same tuition through Neobanc with a cash-back card returns about $185 a year. McMaster charges interest at a monthly rate of 1.2% (compounded to 14.4% annually) on unpaid balances, plus a $102.20 late fee once per term on accounts not paid in full by the payment due dates. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.